ETHFI, the governance token of the largest liquid restaking protocol Ether.Fi, debuted at $4.13 after the token was distributed via an airdrop and to participants of a Binance Launchpad round. The token has since slumped by more than 20%.
At the time of writing, ETHFI is trading at $3.60 on Binance and recorded a trading volume of over $118 million in the first 45 minutes of trading. The token had a fully diluted value (FDV), the market value of a token if the entire supply ends up in circulation, of $3.6 billion.
More than $2 billion worth of the FDUSD stablecoin and 17.3 million BNB ($10 billion) were staked on the Binance Launchpad. Launchpad stakers receive an allocation of ETHFI relative to the amount they staked.
Several of the recently-listed tokens on Binance’s launchpad slumped after release: ARKM dropped from its debut price of 90 cents to 30 cents, while PORTAL fell from $3.60 to $2.08 three after being issued.
The max supply of ETHFI is capped at one billion, with 20 million tokens being allocated to the Binance Launchpad and 60 million tokens being set aside for “season one” of the token airdrop, which ended on March 15. An additional 50 million tokens will be distributed after “season two.”
Investors will receive 32.5% of the token’s total supply over the course of a two-year vesting schedule, whilst core contributors will receive 23.26% over three years.
The initial circulating supply will be 115.2 million tokens.
Ether.Fi's total value locked (TVL) has surged 117% in the last 30 days with total deposits approaching $3 billion, according to DefiLlama.
Restaking is a strategy used by those that stake ether (ETH) and want to generate additional yield. By using a protocol like Ether.Fi, stakers receive a liquid restaking token (LRT) that can be used elsewhere on other protocols, they also receive loyalty points that can be converted into a token airdrop.

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In a significant development for the DeFi community, Ether.fi (ETHFI), a pioneering liquid restaking protocol built on the Ethereum blockchain, has officially been listed on Binance, one of the world's leading cryptocurrency exchanges. This listing marks a crucial milestone for Ether.fi, introducing its innovative staking solutions to a broader audience and potentially reshaping the DeFi staking landscape.
The Launch on Binance
The launch of ETHFI on Binance was conducted through the Binance Launchpool, a platform designed to bring novel and promising projects to the attention of the wider crypto community. Users were given the opportunity to farm ETHFI tokens by staking their BNB and FDUSD tokens, a method that not only fosters community engagement but also provides an incentive mechanism for early supporters of the project.
With a maximum token supply capped at 1 billion ETHFI tokens, the Launchpool aimed to distribute 20 million ETHFI tokens as rewards, representing 2% of the total supply. The initial circulating supply was set at 115.2 million ETHFI tokens, accounting for 11.52% of the maximum supply. This strategic distribution through the Launchpool facilitated a smooth entry for ETHFI into the market, ensuring widespread distribution and community involvement from the outset​​.
The Ether.fi Revolution
At its core, Ether.fi aims to revolutionize Ethereum staking by introducing the concept of liquid restaking. The platform's native token, eETH, represents a significant innovation in the space, offering users the opportunity to participate in Ethereum staking with enhanced liquidity and yield potential. By minting eETH, users effectively engage in a multi-tiered reward system that includes Ethereum staking rewards, ether.fi Loyalty Points, and additional restaking rewards, thereby maximizing their return on staked assets​​.
Ether.fi's listing on Binance is not just a testament to the platform's technical prowess and innovative approach but also a reflection of the growing interest in DeFi protocols that offer more flexible and efficient staking mechanisms. The introduction of eETH as a liquid staking solution addresses some of the core challenges faced by traditional staking models, such as liquidity constraints and limited utility of staked assets.
Looking Ahead
The listing of ETHFI on Binance is expected to have a profound impact on the DeFi sector, potentially setting new standards for staking protocols and liquidity solutions. As Ether.fi continues to develop and expand its ecosystem, the DeFi community eagerly anticipates the further innovations and partnerships that will emerge from this dynamic platform.
For enthusiasts and investors alike, the journey of Ether.fi is one to watch, as it embodies the spirit of innovation and community-driven development that lies at the heart of the DeFi movement. With its successful listing on Binance, Ether.fi is well-positioned to lead the charge in the evolution of staking within the Ethereum ecosystem and beyond.

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ETHFI, also known as Ethereum Finance, is a decentralized finance (DeFi) cryptocurrency built on the Ethereum blockchain. It aims to revolutionize traditional financial services by providing users with access to various financial instruments, such as lending, borrowing, and trading, without the need for intermediaries like banks.
Key features of ETHFI include smart contracts, which enable automated and trustless transactions, as well as liquidity pools that allow users to participate in decentralized exchanges and earn rewards through providing liquidity.
The ETHFI coin serves as the native utility token of the Ethereum Finance ecosystem, facilitating transactions, incentivizing network participation, and enabling governance decisions through voting mechanisms.
Investors and users interested in participating in the DeFi space may consider researching ETHFI and its associated platforms to understand its potential risks and rewards, as well as its role within the broader cryptocurrency market.
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